PRESSEMITTEILUNGEN

Frankfurt (ots) – KfW launched its sixth USD Global in 2009 on Wednesday afternoon. The issue has a maturity of five years and a volume of three billion USD. In recent weeks strong demand was gathered in this tenor; so KfW could further complete its supply of USD-Globalnotes, which contains maturities from 2-10 years.

The USD three billion issue with a settlement on October 21st 2009 matures on October 21st 2014. With a coupon of 2.75% s.a. and a reoffer price of 99.926% it yields 2.766% semi-annually. This corresponds to a yield pick-up of 44.25 basis points over the current five-year US Treasury maturing in September 2014. The bond will have an AAA/Aaa/AAA rating from Fitch Ratings, Moody’s and Standard & Poor’s. The transaction is lead managed by Barclays Capital, JP Morgan, and Royal Bank of Canada CM. Co-Lead Managers are BNP Paribas, Citi, Credit Suisse, Deutsche Bank, DZ Bank, HSBC, Morgan Stanley, Royal Bank of Scotland, Toronto Dominion Bank, and UBS.

Active demand was gathered especially out of Asia and the US. The 108 individual orders from 27 different countries showed once more the worldwide demand of institutional investors for the excellent credit risk of KfW, whose bonds are explicitely guaranteed by the Federal Republic of Germany. The orderbook was opened on Tuesday afternoon and was at closing on Wednesday afternoon with a volume in excess of USD 3.6 billion clearly oversubscribed.

The breakdown of the order book by sectors is as follows:

Breakdown by investor type:

Central Banks: 48%
Funds: 38%
Banks: 14%

Geographical Breakdown:

Americas: 54%
Asia: 34%
Europe: 11% Others: 1%

This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. KfW has registered the securities that are the subject of this press release for sale in the United States. The offering of the securities in the United States will be made by means of a prospectus that may be obtained from KfW and will contain detailed information about KfW and its management, financial statements and information about the Federal Republic of Germany.

Term Sheet KfW USD VI/2009
USD 3 billion – 2.75% – 2009/2014 ISIN: US500769DK78
Issuer: KfW (Kreditanstalt für Wiederaufbau)
Guarantor: Federal Republic of Germany
Rating: AAA (Fitch Ratings) / Aaa (Moody’s) / AAA (Standard & Poor’s)
Size: USD 3,000,000,000.–
Maturity Date: 21st October 2009 – 21st October 2014
Coupon: 2.75%, semi-annual coupon
Payment Dates: 21st April and 21st October
Re-offer-Price: 99.926%
Yield: 2.766% semi-annually
Format: Global
Stock Market Listing: Luxembourg

Lead Managers (3):

Barclays Capital
JP Morgan Royal
Bank of Canada CM

Co-Lead Managers (10):

BNP Paribas
Citi
Credit Suisse
Deutsche Bank
DZ Bank
HSBC
Morgan Stanley
Royal Bank of Scotland
Toronto Dominion Bank
UBS

Contact:

KfW, Palmengartenstraße 5-9, 60325 Frankfurt
Kommunikation (KOM)
Tel. 069 7431-4400, Fax: 069 7431-3266,
E-Mail: presse@kfw.de, Internet: www.kfw.de

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